AUDUSD - Freefall or Possible Reversal?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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How I see it:
Can 1W support hold for a reversal?
A break and hold above 0.64405 could signal a short-term reversal.
A break and hold below 1W support could trigger a further decline.
Keynote!
Overall, this pair is still extremely bearish.
We need a STRONG QUALITY GREEN MOVE(s) to signal intent otherwise.
I deeply appreciate you taking the time to study my analysis and point of view.
